Svenska Handelsbanken AB

Diversified Banks

SHB-A.ST

SEK 113 3.3

Share price

$ 21 bn

Market Cap

$ 114 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.4x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

Svenska Handelsbanken AB aims to achieve net zero for Scope 1 + 2 by 2040

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Svenska Handelsbanken AB reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 5,688 t (-1,639 /-22.4% y-o-y). Also positively, carbon intensity plunged to 1,123 t (-480 /-30% y-o-y).

Svenska Handelsbanken AB's Scope 3 emissions grew to 1,487 t (+141/+10% y-o-y). The performance has been erratic recently.

The company is committed to achieving net zero for Scope 1 + 2 by 2040, which translates into the estimated reduction of -299 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	5,688	20	5,668	1,487	5,065	1,123
2020Q4	7,327	24	7,303	1,346	4,570	1,603
2019Q4	8,700	27	8,673	3,727	4,777	1,821
2018Q4	9,442	41	9,401	4,099	5,065	1,864
2017Q4	8,861	86	8,775	4,230
2016Q4	9,338	51	9,287	3,965
2015Q4	9,443	28	9,415	4,048
2014Q4	11,443	28	11,415	4,557
2013Q4	12,034	47	11,987	4,787

Svenska Handelsbanken AB

Carbon footprint

Primary Climate Goal

Svenska Handelsbanken AB aims to achieve net zero for Scope 1 + 2 by 2040

GHG emissions and Carbon intensity

Svenska Handelsbanken AB's carbon footprint

Company environmental metrics